#数字资产生态回暖 Tonight, the Federal Reserve's move will influence the rhythm of the gold market——but the real key is not the surface issue of "whether to cut rates," but "how much further will they cut afterward."

Imagine two possibilities:

**Powell's dovish stance**: A 25 basis point cut is certain, with hints in his language that "this is just the beginning, and there is still plenty of room for future policy." The result? The dollar comes under pressure, deposit interest rates and bond yields shrink, and gold's attractiveness skyrockets, with funds pouring in madly, pushing gold prices easily past the $4250 mark.

**Hawkish rate cut**: Although also a 25 basis point reduction, the rhetoric is not idle——"Inflation has not fully receded."